Overseas Residence: Taxation:Written question - 222440

Named Day

'Named day' questions only occur in the House of Commons. The MP tabling the question specifies the date on which they should receive an answer. MPs may not table more than five named day questions on a single day.

To ask Mr Chancellor of the Exchequer, how much (a) has been and (b) is expected to be raised by the annual charge for non-domiciled individuals who elect to pay tax on the remittance basis and who have lived in the UK for (i) seven of the last nine years, (ii) 12 of the last 14 years and (iii) 17 of the last 20 years in (A) 2012-13, (B) 2013-14, (C) 2014-15, (D) 2015-16 and (E) 2016-17.

The Remittance Basis Charge is for resident non-domiciled individuals who elect to be taxed on the remittance basis. The charge is set at £30,000 for those individuals who had been resident in the UK for at least 7 of the last 9 years and longer.

From the start of the 2012-13 tax year, a new £50,000 charge was also introduced for those individuals who had been resident in the UK for at least 12 of the last 14 years and longer.

The amount of revenue raised by the annual Remittance Basis Charge for non-domiciled individuals in each tax year since 2008-09, rounded to the nearest million, is as follows:

Tax Year

Charge Paid

Revenue Raised

2008-09

£30,000

£162m

2009-10

£30,000

£157m

2010-11

£30,000

£165m

2011-12

£30,000

£167m

2012-13

£30,000 or £50,000 (depending on length of residency)

£226m

The amount of revenue raised by the annual Remittance Basis Charge for non-domiciled individuals in the 2012-13 tax year, broken down by the time they have spent in the UK and rounded to the nearest million, is as follows: